https://www.taxtmi.com/caselaws?id=273590 The Rajasthan HC ruled in favor of the assessee regarding addition under section 69C. The court held that a statement made during survey proceedings, allegedly under threat as mentioned in question 36, cannot form the basis for income assessment without corroborating evidence. The AO had no supporting material like cash, bullion, jewelry, or documents to substantiate the Rs. 1,82,00,000 addition. The court confirmed that mere statements without documentary evidence are insufficient for income assessment, upholding the CIT(A) and Tribunal's decision favoring the assessee. en-us Tue, 05 Sep 2017 00:00:00 +0530 Fri, 23 May 2025 11:27:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273590 The Rajasthan HC ruled in favor of the assessee regarding addition under section 69C. The court held that a statement made during survey proceedings, allegedly under threat as mentioned in question 36, cannot form the basis for income assessment without corroborating evidence. The AO had no supporting material like cash, bullion, jewelry, or documents to substantiate the Rs. 1,82,00,000 addition. The court confirmed that mere statements without documentary evidence are insufficient for income assessment, upholding the CIT(A) and Tribunal's decision favoring the assessee. Case-Laws Income Tax Tue, 05 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273590